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At All Points Below the Midpoint of a Downward-Sloping,linear Demand

Question 99

Multiple Choice

At all points below the midpoint of a downward-sloping,linear demand curve for a good,the value of the price elasticity of demand for the good is ________.


A) equal to infinity
B) greater than one, but less than infinity
C) less than one
D) equal to one

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